Bearish drop?NZD/CHF is rising towards the pivot and could drop to the 1st support.
Pivot: 0.50984
1st Support: 0.50581
1st Resistance: 0.51263
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Forexsignals
Could the Fiber bounce from here?The price is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.0335
Why we like it:
There is a pullback support level.
Stop loss: 1.0272
Why we like it:
There is a support level at the 61.8% Fibonacci projection.
Take profit: c
Why we like it:
There is an overlap resistance level.
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#XAUUSG 1DAYXAGUSD (1D Timeframe) Analysis
Market Structure:
Trendline Support Breakdown: The price has moved below a key trendline support, indicating a potential shift in momentum towards the downside.
Forecast:
Sell Opportunity: The breakdown suggests weakening buying pressure, and sellers may take control, leading to further declines.
Key Levels to Watch:
Entry Zone: After confirmation of the breakdown or a retest of the broken trendline acting as resistance.
Risk Management:
Stop Loss: Placed above the broken trendline or recent swing high to minimize risk.
Take Profit Zones: Focus on upcoming support levels or price zones identified through Fibonacci extensions.
Market Sentiment:
Bearish Bias: Sustained movement below the broken trendline indicates a bearish outlook, with sellers likely dominating the trend.
GBPUSD on the way to 1.34The currency pair in focus is GBP/USD, representing the British Pound (GBP) and the US Dollar (USD). The current price of the pair is 1.25, meaning 1 British Pound is worth 1.25 US Dollars. The target price is 1.34, indicating an expected price movement to 1.34, where the British Pound will be worth 1.34 US Dollars. The gain in pips is 400, meaning the price is anticipated to rise by 400 pips, with each pip representing a small movement in the exchange rate. The strategy being followed is based on support and resistance levels, which are key concepts in technical analysis. Support refers to a price level where the pair tends to find buying interest, while resistance represents a price level where selling interest is typically strong. This suggests the pair has recently bounced from a support level and is approaching a resistance level. If the price breaks through the resistance, it could move toward the target price. The pattern of support and resistance helps traders identify potential entry and exit points, guiding them towards achieving the 400-pip gain. This strategy relies on observing price trends and historical levels of support and resistance to predict future price movements. Good Volume Expecting.
World gold prices slightly decreased as the USD increasedHowever, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly.
The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged.
“Expectations that consumer confidence would continue to recover were not realized in December, as the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board.
Gold is struggling to find its way amid the holiday lull, said James Hyerczyk, an analyst at FX Empire.
“The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold under pressure. The precious metal will face key support tests during the holiday week
Bearish reversal off 50% Fibonacci resistance?GBP/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support.
Pivot: 197.37
1st Support: 194.65
1st Resistance: 198.96
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price reverse from here?GBP/CHF is reacting off the pivot and could drop to the 1st support.
Pivot: 1.1262
1st Support: 1.1188
1st Resistance: 1.1314
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price drop from here?EUR/CAD is reacting off the resistance level which is an overlap resistance and could potentially drop from this level to our take profit.
Entry: 1.49824
Why we like it:
There is an overlap resistance level.
Stop loss: 1.5166
Why we like it:
There is a pullback resistance level.
Take profit: 1.4847
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish reversal?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci projection and also slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 164.96
Why we like it:
There is an overlap resistance levle that lines up with the 61.8% Fibonacci projection.
Stop loss: 166.65
Why we like it:
There is a pullback resistance level.
Take profit: 162.65
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 98.64
Why we like it:
There is a pullback resistance level.
Stop loss: 99.83
Why we like it:
There is a pullback resistance level that aligns with the 161.8% Fibonacci extension.
Take profit: 97.18
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Xauusd sell On the flip side, the $2,616-$2,615 region that is deemed as a pullback area, or the 23.6% Fibo. level could offer immediate support. This is followed by the $2,600 round-figure mark, below which the Gold price could retest the monthly swing low, around the $2,583 zone touched last week. Some follow-through selling will be seen as a fresh trigger for bears and set the stage for deeper losses in the near term.
Gold now sell 2613
Target 2590
Long Target confirm signal Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Gold now sell 2623
Support 2590
Support 2550
Resistance 2680
EURUSD short-term trading set-upThe EURUSD pair has been trading within a Channel Down since the September 25 High and remains on a bearish course below the 4H MA200 (red trend-line) since October 01. The 1D RSI is displaying a huge Bullish Divergence, being on Higher Lows against the Lower Lows of the Channel Down, so long-term a strong bullish break-out is expected.
On the short-term though, we can take advantage of this Lower Lows fractal that has been formed another 2 times on this pattern and rebounds towards the 4H MA200. You can short towards the RSI's Higher Lows trend-line, take the profit and switch to buying just before it touches it and then target 1.04200 (expected course of the 4H MA200).
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XAUUSD Hello traders and investor
What are your thoughts on gold?
Gold. After a significant drop last week
Has shown a reaction near the support
Zone and entered a corrective phase this
Upward correction is expected to
Continue until the price reaches the
Specified resistance zone,
Based on the market structure. It is
Anticipated that after completing the
Correction the price will likely reverse
From the resistance zone and decline
Towards the identified support level.
❤️
#EURCAD 2HEURCAD (2H Timeframe) Analysis
Market Structure:
Channel Pattern: The price is moving within a defined channel, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, signaling potential resistance.
Bearish Engulfing Area: A bearish engulfing candlestick pattern has appeared near the resistance zone, indicating possible selling pressure.
Forecast:
Sell Opportunity: The price is positioned at the channel resistance with bearish candlestick confirmation, suggesting a potential downward move within the channel.
Key Levels to Watch:
Entry Zone: Near the upper boundary of the channel or at the bearish engulfing area.
Risk Management:
Stop Loss: Placed above the channel resistance or engulfing candle high to protect against invalidation.
Take Profit Zones: Target the midline or lower boundary of the channel as potential downside levels.
Market Sentiment:
Bearish Outlook: Sellers are likely to dominate as long as the price remains below the resistance area, maintaining a downward channel trend.
#EURAUD 1DAYEURAUD (1D Timeframe) Analysis
Market Structure:
Channel Resistance: The price is currently testing the upper boundary of a parallel channel, indicating potential selling pressure near resistance.
Forecast:
Sell Opportunity: A rejection from the channel resistance suggests a possible downward move as the price respects the channel pattern.
Key Levels to Watch:
Entry Zone: Near the channel resistance area after signs of price rejection.
Risk Management:
Stop Loss: Placed above the channel resistance to manage risk.
Take Profit Zones: Target the midline or lower boundary of the channel for potential downside movement.
Market Sentiment:
Bearish Bias: Selling pressure is expected to dominate as long as the price remains below the resistance zone. Monitoring for confirmation signals before entry is advised.
#EURGBP 1DAYEURGBP (1D Timeframe) Analysis
Market Structure:
Trendline Breakout: The price has moved above a previously established trendline, indicating potential bullish momentum.
Forecast:
Buy Opportunity: The breakout suggests a shift in trend direction, favoring buyers. Further upside movement is expected as long as the price sustains above the broken trendline.
Key Levels to Watch:
Entry Zone: After breakout confirmation or upon retesting the broken trendline as new support.
Risk Management:
Stop Loss: Placed below the trendline or recent swing low.
Take Profit Zones: Focus on upcoming resistance areas and psychological price levels.
Market Sentiment:
Positive Momentum: A breakout above resistance typically reflects strengthening buying interest and potential continuation of the upward move.
#EURUSD 4HEURUSD (4H Timeframe) Analysis
Pattern Identified:
Trendline Resistance: Price is respecting a descending trendline, indicating selling pressure and a bearish outlook in the short term.
Forecast:
Sell Now: The price is currently near the trendline resistance, providing an opportunity for a short position as the trend remains bearish.
Buy Opportunity: If the price drops and touches the identified support level, a potential buying opportunity may arise, expecting a bounce from support.
Key Levels:
Sell Entry: Near trendline resistance.
Stop Loss (Sell): Above the trendline resistance to limit risk.
Take Profit (Sell): At the next support level.
Buy Entry: At the support zone, once a bullish confirmation is observed.
Stop Loss (Buy): Below the support level in case of a breakout.
Take Profit (Buy): Towards the trendline resistance or next resistance level.
Market Sentiment:*
Short-Term Bearish: Dominated by sellers under trendline resistance.
Reversal Potential: Watch for support zone reactions to switch to a buy setup.
Hellena | GOLD (4H): SHORT to the minimum of the “W” wave (2540)Dear colleagues, due to the recent sharp price movement I have redrawn the waves and at this point I can assume that we are dealing with a complex correction (W, X, Y).
This means that I predict a price decline at least to the support area of 2540 - this is the area of the minimum of the “W” wave.
It will most likely be followed by its renewal, but we will talk about it when the target is reached.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now.
In my opinion, the price is still in wave “2” of low order, but in a three-wave correction.
This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary.
As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction.
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!